NSEL defaults ninth time, pays Rs 28cr against Rs 174.72 cr

Crisis-hit bourse NSEL defaulted for the ninth straight time today as it could pay only Rs 28.34 crore to investors against a scheduled amount of Rs 174.72 crore.

National Spot Exchange Ltd (NSEL), which is engulfed in a Rs 5,600-crore payment crisis, had previously defaulted eight times. On its seventh pay-out date, the bourse was unable to make any payment as its accounts were frozen by economic offences wing (EoW) of the Mumbai police.